HomeMy WebLinkAbout6835RESOLUTION NO. 6835
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, ESTABLISHING AN
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2012 -2013
PURSUANT TO ARTICLE XIII -B OF THE CALIFORNIA
CONSTITUTION
WHEREAS, Article XIII -B of the Constitution of the State of California imposes
upon the City of Arcadia, as well as all cities, the obligation to limit each fiscal year's
appropriations in fiscal year 1978 -79 as adjusted for subsequent inflation and population
changes; and
WHEREAS, the City of Arcadia has opted to use, as the inflation adjustment
factor, the percentage change in California per capita personal income in lieu of the
growth in the non - residential assessed valuation; and
WHEREAS, at the time the appropriations limit calculations were prepared, the
date necessary to calculate the increase in the non - residential assessed valuation was
generally not available from the County Assessor; and
WHEREAS, there exists a possible need to adjust the appropriations limit once
the assessment date is available, and consequently this Resolution is being adopted on
a provisional basis; and
WHEREAS, the City of Arcadia has opted to use, as the population adjustment
factor, the growth in the population of the City of Arcadia in lieu of the growth in the
population of the County of Los Angeles, and
1
WHEREAS, pursuant to Article XIII -B of the California Constitution, the City is
required to set its appropriation limit for each fiscal year, and has made available to the
public the documentation used in the determination of said appropriation limit.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. The appropriation limit for Fiscal Year 2012 -13 for the City of
Arcadia shall be and is hereby set in the amount of $68,537,439.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
Passed, approved and adopted this 19th day of June, 2012.
Mayor of the City of Arcadia
ATTEST:
City Jerk
APPROVED AS TO FORM:
�-� P. r
Stephen P. Deitsch
City Attorney
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) SS:
CITY OF ARCADIA )
I, GENE GLASCO, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 6835 was passed and adopted by the City Council of the City of
Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said
Council held on the 19th day of June, 2012 and that said Resolution was adopted by the
following vote, to wit:
AYES: Council Members Amundson, Segal, Wuo and Harbicht
NOES: None
ABSENT: Council Member Kovacic
City der e C ty of Arcadia